The only government bailout thing I was in agreement with was the government stepping in back in the late 2000's with America's housing industry bubble causing a global financial crisis. The American government was right to step in during that situation because the banking system was on the verge of collapse. That would have been far worse than "stupid" investors getting theirs for making bad investment choices. Failure of banks would have meant complete loss of financial liquidity. The crisis would have affected far more than Wall Street investors. The contagion would have spilled out onto Main Street, disrupting operations of regular businesses both large and small. It would have been Great Depression 2.0. The US government ultimately profited off the TARP program, but it took years to do so.
I don't see any good reason for the government to throw a life preserver to tech companies betting stupidly large on all this AI crap. They're throwing good money after bad on dumb-AI. I'm seeing more cases where the tech is being exposed as nothing more than an over-embellished search engine. The AI tech is trained on all sorts of existing data and imagery and merely tries to predict what to do next. The AI tech doesn't have any actual understanding of just what it is doing. It doesn't understand context. That's why so much of the stuff it generates is slop. AI can be pretty good at automating clearly defined, repetitive tasks. The tech falls apart when it has to make abstract judgment calls. These limitations aren't stopping the big tech companies from pushing through new data center builds, even when local city governments are crying foul about it. They're trying to do end runs around the rules and regulations. When individuals see their home electricity bills and water bills spike the only thing the tech companies can do is spout some boilerplate bullshit on how the home owners can conserve water and electricity. Meanwhile the top purpose of these data centers for eliminating human-occupied, human-paid jobs. The hypocrisy is pretty outrageous.
I don't see any good reason for the government to throw a life preserver to tech companies betting stupidly large on all this AI crap. They're throwing good money after bad on dumb-AI. I'm seeing more cases where the tech is being exposed as nothing more than an over-embellished search engine. The AI tech is trained on all sorts of existing data and imagery and merely tries to predict what to do next. The AI tech doesn't have any actual understanding of just what it is doing. It doesn't understand context. That's why so much of the stuff it generates is slop. AI can be pretty good at automating clearly defined, repetitive tasks. The tech falls apart when it has to make abstract judgment calls. These limitations aren't stopping the big tech companies from pushing through new data center builds, even when local city governments are crying foul about it. They're trying to do end runs around the rules and regulations. When individuals see their home electricity bills and water bills spike the only thing the tech companies can do is spout some boilerplate bullshit on how the home owners can conserve water and electricity. Meanwhile the top purpose of these data centers for eliminating human-occupied, human-paid jobs. The hypocrisy is pretty outrageous.
